Tag Archives: mybet holdings

Troubled mybet Holdings files for insolvency proceedings

The governance of Frankfurt Xetra-listed betting group mybet Holdings SE has today issued a corporate update informing investors that it has filed for ‘open insolvency proceedings’. The insolvency update follows mybet governance failure to sell the business to an undisclosed investor, as previously reported in July 2018. This Friday, governance will file its insolvency application for three syndicated companies, of …

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mybet goes full service for Ghana

Updating the market, Frankfurt Xetra-listed European sports betting operator mybet Holdings SE has announced that it will expand its services for the Ghanaian market, allowing Ghana betting consumers to bet at mybet.com To date, mybet has operated retail betting services in Ghana through a B2B partnership with a local business partner. Its successful African market venture has seen mybet increase …

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‘In the black’ mybet states that new platform will deliver for H2 2017

Publishing its 2017 H1 interim results (period ending 30 June), Frankfurt-listed European sports betting operator mybet Holdings has detailed a 28.5% decline in corporate revenues (H1 2016: €24 million). Updating investors, mybet governance would detail that its H1 2017 performance was set against a tough 2016 comparative summer period (featuring UEFA 2016) and that the firm’s performance was further impacted …

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Mybet’s Sean Keogh: industry is ‘over-delivering to consumers’ #boscon2017

Having led the redevelopment of European betting operator mybet Holdings’ IT Platform, the firm’s major technology development for 2016 & 2017, Sean Keogh Chief Product Officer speaks to SBC on current industry product development dynamics. Ahead of Betting on Sports 2017 (12-15 September), Keogh an industry technology veteran breaks down the industry’s current development framework, operator trends with regards to product …

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€11.8 million Westlotto settlement sees mybet governance up full-year EBIT & Cash targets

Updating investors, Frankfurt Xetra-listed online bookmaker mybet Holdings SE has informed that its Supervisory Board has granted the approval for the company to raise its year ‘target values for earnings before interest and taxes (EBIT) as well as the firm’s full-year cash position. The board’s decision follows this month’s notification that mybet has finally settled out-of—court its Westdeutsche ‘WestLotto’ Lotterie …

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Full Service…mybet launches new IT platform revamping betting & casino offering

As announced last week, Frankfurt Xetra-listed European online bookmaker mybet Holdings has launched its new IT platform (date 21 March), which will revamp its sports betting and online casino product offering. Nearly two years in development, mybet’s IT platform represents the operator’s biggest ever infrastructure commitment. Following its official launch, mybet governance stated the platform would support an ‘enormously enlarged …

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mybet further reduces 2016 revenue forecasts

Following its Q3 ‘preliminary’ trading update, the governance of Frankfurt Xetra-listed mybet Holdings SE has informed investors that it will further reduce its full-year 2016 corporate revenue forecasts to between $43-46 million. Issuing a short corporate statement, mybet governance detailed that the operator had continued to witness a ‘negative trend in revenues from previous quarters’. mybet would declare that its …

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Continued digital revenue decline impacts mybet H1 2016 performance

Updating the market on its half-year 2016 performance (period ending 30 June), Frankfurt-listed sports betting operator mybet Holdings SE (mybet) stated that the period was characterised by two factors; its continued decline in revenues and the sale of German horseracing wagering operator pferdewetten.de. Closing a tough H1 period, mybet would record a -16% decline in group revenues to €24 million (H1 …

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mybet confirms resignation of Zeno Ossko as CEO

Frankfurt Xetra-listed betting operator mybet Holdings SE (mybet) has confirmed that Chief Executive Officer Zeno Ossko has stepped down from leadership of the company. Ossko will officially depart mybet on 31 August, with CFO Markus Peuler taking on combined leadership responsibilities on an interim basis. Ossko’s decision to resign as CEO, ends a ten-year career with the German sports betting …

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Cash strapped mybet sells stake in Pferdewetten.de

Seeking to increase its operating ‘cash’ capital, Frankfurt Xetra-listed online betting operator mybet Holdings SE (mybet) has confirmed that it has sold its stake in German horseracing firm Pferdewetten.de. Following a review of its corporate assets, mybet governance decided that selling its stake in Pferdewetten.de would be the best option as the company looks to meet investment terms for its …

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